14 April, 2017

How to be Successful in CA Practice

“Being Successful is not a Option, It is your need, It is Mandatory” – CA Ankit Gulgulia (Jain)

So, I think the topic itself is of high appeal to all the youngsters to enter in the field of chartered accountancy for making a career in India’s supreme finance field. As a CA Student you do articleship to learn the basics of the field be it taxation or auditing. You also learn how to interact in the professional domain but the entrepreneurial part required to become a successful practicioner is never learnt anywhere. This vacuum leads to a lot many unsuccesses in the future. We all know how difficult it is to establish a CA Firm and operate with good amount of work. This difficulty only makes you read my this post. Isn’t it !

Now, I will share with the best tips possible for you to leverage your chances of success in field of CA Practice. Are you ready !

1.Besides Being A Professional – Remember that you are an entrepreneur too.

Entrepreneur is someone who exercises initiative by organizing a venture to take benefit of an opportunity and, as the decision maker, decides what, how, and how much of a good or service will be produced.

According to economist Joseph Alois Schumpeter (1883-1950), entrepreneurs are not necessarily motivated by profit but regard it as a standard for measuring achievement or success.

Take my word besides being a professional at work you must be creative like an entrepreneur on how to design systems, implement technology, handling clients and manpower in professional. Those classical days of desk and pen are GONE !!!

2.Social, Social and More Social

Social should not be just for your benefit sake. If that will become your agenda you will never enjoy the process. I urge you to enjoy the process of being in society of so many knowledgeable people. Interact with people and try to deliver or receive value. If you get more professional work in the process it is a bonus !

3.Knowledge is Power even Now

There is no replacement to this word knowledge. See we are in the field of technical expertise. This is the cause of respect from society and why CA’s are placed high in society. We must dedicate our lives to learning and keep learning new every single day. Even if you become successful don’t stop learning or doing those things which made you successful in the beginning.

4.Seminars

There are so many experts on individual domains. Your target should be both the growth of your firm and your personal domain growth. If you don’t have a domain, I urge you to find a domain and start working on it. Future is of Domains and not generalities… Take my WORDS J

5.Working At Premium and with Value

Don’t depreciate your fees for the sake of doing all works. I know initially it is tough and a lot my professional brothers and sisters might be compelled to take up work at discount.. it is okay but gradually as you pick up you must have this mindset of delivering more value and working at premium. Sharpen your axe and you will be able to command premium. I am sure on this !!

6.Patience and Avoiding Instant Gratification

There’s nothing wrong with staying small. You can do big things with a small team.” - Jason Fried, founder of 37signal

Don’t ever chase easy money. We are not here to chase money but it is vice versa. If you have solutions and mind then you have no competition. Just keep the patience for right times and do not fall prey to easy money – I hope you are understanding what I am saying. I want your good as a professional brother.

7.Serve More People with Passion

If you just work on stuff that you like and you’re passionate about, you don’t have to have a master plan with how things will play out.” - Mark Zuckerberg

Fundamentally I Like this point the most. It is simple, I don’t need to write a lot on this. You just do this for some time and contact me after 2-3 years. Would await to listen from You J

8.Maintain Integrity

Don’t compromise on your integrity, no matter what. Remember all your life you will make success and growth but only if you have peace of mind and work for well being of nation, your family and yourself. Your few mistakes can ruin your morals and sometimes career too!

9.Delegation of Work

This is a practical aspect of my learning. Our Articles and Paid Staff are our assets and they want to learn. Don’t give them personal works rather involve them fully possible in the professional domain. You will be surprised on the value they can deliver if you trust them and give them responsibility. One Man Army Never Wins – Remember That my friend J

10.Change First

Change Fast and Change First. I mean the dynamism is of high importance and you must learn this. Use Technology and read a lot. Implement the new even if it makes you uncomfortable First..